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Industry News: ESG5

      MAS Slaps Additional S$330m Capital Requirement on OCBC Over its Response to SMS Scams

      2022-05-26

      The Business Times: THE Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of about S$330 million on OCBC Bank for its deficiencies in responding to a wave of spoofed SMS phishing scams in December 2021.

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      India to Press Ahead with Strict Cybersecurity Rules Despite Industry Concerns

      2022-05-18

      Financial Post: India will not change upcoming cybersecurity rules that force social media, technology companies and cloud service providers to report data breaches swiftly, despite growing industry concerns, the government said.

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      Chinese Hackers Perform 'Rarely Seen' Windows Mechanism Abuse in Three-year Campaign

      2022-05-03

      ZDNet: According to Cybereason, the Chinese advanced persistent threat (APT) group Winnti is behind the campaign, which has gone undetected for years.

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      Financial Institutions to Face Higher Penalty for Cyber Attacks, Disruptions Under New Bill

      2022-04-05

      The Straits Times: Financial institutions today rely heavily on technology to deliver financial services, Monetary Authority of Singapore (MAS) board member Alvin Tan told Parliament on Monday (April 4) during the second reading of the Financial Services and Markets Bill.

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      Cybersecurity Firm Says Chinese Hackers Breached Six US State Agencies

      2022-03-08

      CNN: A Chinese government-backed hacking group has breached local government agencies in at least six US states in the last 10 months as part of a persistent information-gathering operation, investigators at cybersecurity firm Mandiant said.

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      UN Experts: North Korea Stealing Millions in Cyber Attacks

      2022-02-06

      U.S. News: North Korea is continuing to steal hundreds of millions of dollars from financial institutions and cryptocurrency firms and exchanges, illicit money that is an important source of funding for its nuclear and missile programs, U.N. experts said in a report quoting cyber specialists.

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      Crypto.com Shares Details on Security Breach: 483 Accounts Compromised

      2022-01-20

      Coin Telegraph: The Crypto.com security breach saga gets clarity with an official statement from the Singapore-based crypto exchange following a halt on withdrawals after detecting “suspicious activities” in user accounts.

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      China exempts Hong Kong listings from finalised cybersecurity review rules for offshore IPOs, analysts say

      2022-01-04

      South China Morning Post: China’s regulators will exempt Hong Kong from the rigid cybersecurity review process for all initial public offerings (IPOs) in foreign markets by companies with the personal data of at least 1 million customers, according to analysts’ reading of the finalised regulations published.

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      Alibaba Admits It Was Slow to Report Software Bug After Beijing Rebuke

      2021-12-23

      BNN Bloomberg: Alibaba Group Holding Ltd. conceded it was slow to report a major vulnerability in widely used software because it was unaware of its severity, a day after China’s tech industry overseer suspended cooperation on cybersecurity with the online retail giant.

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      Crypto Exchange Bilaxy Loses $21M in Hack

      2021-08-31

      PYMNTS:  Hong Kong cryptocurrency exchange Bilaxy was the victim of a hack that compromised a hot wallet on its platform and saw the transfer of 295 ERC-20 tokens, worth more than $21 million, to a single wallet on Sunday (Aug. 29). 

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